Ukraine Torches Putin’s Iran War Windfall, as EU Allies Sweat over High Energy Prices
Ukraine’s intensified drone and missile strikes have knocked out roughly 40% of Russia’s oil export capacity, cutting about one million barrels per day from the market. The Kremlin responded by expanding a gasoline export ban to all producers until July 31, trying to preserve domestic fuel supplies. Despite a temporary windfall of about €6 billion ($6.6 billion) from higher fossil‑fuel prices after Iran’s war, Russia’s revenue growth is now constrained by the infrastructure attacks. European leaders are debating a bloc‑wide windfall tax on energy firms as they grapple with rising consumer prices and political pressure to re‑import cheap Russian energy.
£56M Infrastructure Programme Launched Across Cumbria’s Electricity Network
SP Electricity North West has launched a £56 million (≈$71 million) infrastructure programme to replace a 47 km stretch of overhead lines on Cumbria’s West Coast. Phase one will replace 152 pylons on the 132 kV Cumbria Ring, boosting capacity and supporting rising electricity...
Canada’s Smallest Province, Prince Edward Island, Issues REOI for up to 50MW of BESS
Prince Edward Island’s utility, PEI Energy Corporation, issued a request for expressions of interest on March 23 for a 10‑ to 50‑MW battery energy storage system with a four‑hour duration, optionally extendable to eight hours. The project would almost double the...
IPPs Zelestra, BNZ Adding BESS to Solar PV Plants in Southern Europe
Independent power producers Zelestra and BNZ are accelerating hybrid solar‑and‑storage deployments in Southern Europe. Zelestra signed a PPA with EDP to retrofit its 50 MW Pizarroso plant in Spain with a 160 MWh battery, marking the first retrofit‑type solar‑plus‑storage agreement in the...
Renewable Fuel Standard Politics Roil Outlook for E15
The EPA’s new biofuel‑blending rules set record Renewable Fuel Standard quotas but reallocated 70% of the 2023‑25 small refinery exemptions into the 2026‑27 standards, widening the rift between large and small refiners and complicating year‑round E15 legislation. Farm‑state lawmakers, especially...
Refining Margins to Provide Buffer as Shell Gas Production Takes War Hit
Shell expects its Integrated Gas production to drop to 880,000‑920,000 barrels of oil equivalent per day in Q1 2026, down from 948,000 boed in Q4 2025, as Middle‑East conflict curtails Qatari volumes. The British energy major projects refining margins rising to $17...
Eco Wave Power Reports Continuous Operations of Its Israeli Pilot Project
Eco Wave Power’s pilot at Jaffa Port in Israel operated continuously throughout March, producing over 1,200 kWh of renewable electricity during six days of moderate wave conditions (1‑2 m). The system recorded zero downtime and has maintained consistent performance in waves of one...
BYD Dealer Group Signs Strategic Partnership with Humax
Harmony Automotive, a UK dealer group operating six BYD showrooms, has entered a strategic partnership with Humax EV Charging. The deal lets customers bundle the Humax MX7 home charger and installation into their vehicle financing, priced at £999 (about $1,270)....
3 Clean Energy Stocks With Bullish Moving Average Signals
The iShares Global Clean Energy ETF has risen over 60% in the last year, showing that clean‑energy stocks are thriving despite the One Big Beautiful Bill Act’s phase‑out of solar tax credits. Advances in solar technology, continued tax incentives for...
ENGIE to Expand European BESS Portfolio with Projects in Spain and France
ENGIE announced the acquisition of two battery energy storage system (BESS) projects in Spain—78 MW/312 MWh in Álora and 200 MW/800 MWh in Tarifa—and the start of construction on a 110 MW/220 MWh facility in France. The additions lift ENGIE’s European BESS capacity above 1 GW, complementing...
KBL Powers Kalpakkam FBR Milestone as Reactor Achieves Criticality
India’s Fast Breeder Reactor at Kalpakkam has reached criticality, a pivotal step in the nation’s three‑stage nuclear strategy. Kirloskar Brothers Limited (KBL) supplied the primary and secondary heat‑transport pumps—each weighing about 135 tonnes and capable of handling liquid sodium above 500 °C....
Toyota Keeps Hydrogen as a Hedge
Toyota Motor Corp is maintaining its hydrogen fuel‑cell program as a strategic hedge against the accelerating shift toward battery electric vehicles. The automaker announced plans to scale production to roughly 30,000 fuel‑cell vehicles a year by 2030 and is committing...
Renault Group Bundles Charging Activities Under New ‘Plug Inn’ Brand
Renault Group has folded its Mobilize Beyond Automotive charging business into its core operations and rebranded the portfolio as Plug Inn. The new brand covers the bidirectional Powerbox, the Charge Pass subscription and the fast‑charging network, now called Plug Inn Fast Charge....
Ceasefire Announced: Oil Below $100, US Market Futures up Sharply
A surprise two‑week cease‑fire between the United States and Iran caused oil prices to plunge below $100 per barrel, with Brent falling about 13% and U.S. benchmarks mirroring the drop. The sharp decline sparked a risk‑on rally, lifting S&P 500 and...
Which Power Markets Are Most Impacted by the Middle East Conflict?
Wood Mackenzie’s analysis of 13 major power markets shows that those heavily reliant on imported coal and gas could see generation costs jump by $8.30 per megawatt‑hour if current fuel price spikes persist through 2026. Japan, South Korea and Italy...
Generational Adds Cell-Level EV Battery Testing for Dealers
Generational has introduced cell‑level voltage testing to its EV battery diagnostics platform, enabling dealers to spot individual cell imbalances before they affect overall health scores. The feature lets non‑technical staff run on‑site checks, identifying weak cells that could reduce range...
Voluntary Blending Rises as Biodiesel Premiums Turn Negative in the EU
Crop-based biodiesel in the EU fell below fossil diesel prices on April 2, with FAME 0 and RME premiums turning negative for the first time. The price gap, roughly $45 per tonne, makes a 7% biodiesel blend cheaper than pure...
Adani Group Plans to Invest over ₹33,000 Crore for 3 Projects in Odisha
Adani Group announced a ₹33,081 crore ($4 bn) investment in Odisha to build a thermal power plant, a cement manufacturing unit, and a data centre. The thermal plant, costing about ₹30,181 crore ($3.6 bn), and the cement unit, at ₹2,100 crore ($250 m), will be located...
Bluetti Launches EnergyPro 13K Home Storage System in US
Chinese battery maker Bluetti has introduced the EnergyPro 13K (EP13K) home storage system in the United States, marking its latest generation of whole‑home backup solutions. The EP13K delivers 13 kWh of usable capacity, higher output power, and a modular, semi‑portable design...
Exclusive: Record Funding for Fusion Power Lands as Trump Eyes Cuts
The Energy Department’s ARPA‑E announced a record $135 million investment over the next 18 months to accelerate fusion technology development. The funding, the largest single fusion allocation in ARPA‑E’s history, aims to overcome technical barriers preventing commercial scale. Simultaneously, President Trump’s...
Walmart’s DC Fast Charging Network Already Has Hundreds Of Ports
Retail giant Walmart has expanded its EV fast‑charging network by 50% in just two months, now operating 31 DC fast‑charging stations with 224 high‑power connectors across the United States. The chargers are 400 kW units supplied by Alpitronic and ABB, each...
Milestone for Industrial Decarbonization: Plug Power Delivers 275 MW Electrolyzer for Project in Québec - Stock Surges
Plug Power won a contract to supply a 275 MW PEM electrolyzer system for Hy2gen’s Courant project in Baie‑Comeau, Québec. The electrolyzer will draw electricity from Hydro‑Québec’s grid to produce low‑carbon ammonia that will be converted into renewable ammonium nitrate for...
Global Hydropower Investment Poised for Recovery After Decade-Long Slump – Report
Global hydropower investment, which peaked at nearly $60 bn in 2013, has been on a downward trajectory for a decade, falling to about $29 bn in 2024. The decline was fueled by a shift toward wind and solar, heightened environmental concerns, and...
France Leads 15-Country Effort to Reopen Strait of Hormuz
France is heading a coalition of about fifteen countries to restart commercial traffic through the Strait of Hormuz after a U.S.-Iran cease‑fire was announced. The strait moves roughly one‑fifth of global oil, about five million barrels daily, making its reopening...
There’s Hope for the Offshore Wind Industry — Yes, Really
After the Trump administration froze offshore wind leases and halted five under‑construction projects, federal judges issued injunctions and the Interior Department recently let the deadline to appeal lapse, allowing construction to proceed. The five East Coast farms—two off Massachusetts, two...
Time Slipping Away to Develop One of Norway’s Largest Untapped Gas Discoveries
Norway’s Offshore Directorate (NOD) has commissioned Terra Stream Energy to study the Gro discovery, one of the largest undeveloped gas finds on the Norwegian Continental Shelf. The well, first drilled by Shell in 2009, is estimated to contain about 52 billion...
EVE Energy Plans CN¥11bn Expansion as Q1 Profit Surges
Chinese battery maker Eve Energy announced two new plants costing about $1.6 bn, adding 110 GWh of annual capacity for EV and energy‑storage batteries. The expansion, split between a 50 GWh Jiangsu facility and a 60 GWh Fujian joint‑venture, pushes Eve to become China’s...
Geely 900V Energee Golden Brick Battery Unveiled – 10-70% in 4 Mins 22 Secs, 10-97% in 8 Mins 42 Secs
Geely's Lynk & Co unveiled the 900V Energee Golden Brick Battery, capable of charging from 10% to 70% in 4 minutes 22 seconds and up to 97% in 8 minutes 42 seconds. The test recorded a peak charging power of...
Titanium Emerges as a Vanadium Alternative for Redox Flow Batteries
A Japanese‑Chinese research team unveiled a titanium molten‑salt redox‑flow battery (TMSRB) that uses abundant Ti ions and high‑conductivity molten salts for grid‑scale energy storage. The prototype delivers over 97% coulombic efficiency, stable cycling at 300‑450 °C, and a theoretical cell voltage...
ADB Unveils US$25 Million Fund to Advance Asean Power Grid
The Asian Development Bank has launched a US$25 million Regional Connectivity Fund to accelerate cross‑border power grid projects across ASEAN. Backed by Australia, Canada, the EU, Germany and the UK, the facility will de‑risk early‑stage studies, design work and transaction structuring...
Does the Iran Ceasefire Mean the Fuel Crisis Is Over? Not Even Close
A temporary cease‑fire in the Iran‑Israel conflict has opened the Strait of Hormuz, but the damage to Gulf oil infrastructure means the global fuel crunch will linger for months. The war removed roughly 11 million barrels per day from the market,...
India Set to Get First Iranian Crude Oil Cargo in 7 Years
India will receive its first Iranian crude cargo in seven years after the United States temporarily lifted sanctions on Iranian oil. The shipment, aboard the Curacao‑flagged VLCC Jaya, was bought by state‑run Indian Oil Corp. and is bound for India's...
Listen: Could the EU Tax Windfall Profits Made by Oil and Gas Companies?
European consumers are feeling the strain of soaring fuel prices, while oil and gas firms are raking in windfall profits estimated at €81 million ($87 million) daily since the Middle East conflict began. Germany, Italy, Spain, Portugal and Austria have asked the...
Jet Fuel Crisis to Last Months Even After Iran-US Ceasefire, IATA Warns
IATA warns that jet fuel shortages will linger for months despite the tentative reopening of the Strait of Hormuz following a US‑Iran ceasefire. Damage to regional refining capacity means crude flows alone cannot quickly restore supply, leaving airlines with higher...
Maharashtra Clears MSEDCL IPO, Approves Borrowing of over ₹32,679 Crore
Maharashtra’s cabinet approved a sweeping overhaul of its power distributor, MSEDCL, by assuming roughly ₹32,679 crore (about US$3.9 billion) of debt and converting it into 15‑year government bonds. The restructuring will split MSEDCL into a commercial‑consumer arm and a new agricultural‑focused entity,...
CleanMax Commissions 185MW Hybrid Project in Gujarat, India
Clean Max Enviro Energy Solutions has commissioned a 185 MW wind‑solar hybrid project in Kalavad, Gujarat, raising its state capacity to about 844 MW. The facility will serve 17 corporate customers under 25‑year fixed‑tariff PPAs and is projected to add roughly $17.75 million...
Hydrogen Fuel Cell Breakthrough at UNSW Targets Transport and Aviation Use
Researchers at the University of New South Wales have unveiled a redesigned hydrogen fuel cell that incorporates microscopic lateral bypass channels to improve water management. The new architecture prevents water buildup, delivering up to 75% more power than conventional cells...
Universities Model Domestic Energy Use to Help UK Hit Net Zero Goals
University College London, Oxford and Exeter have launched the Energy Demand Observatory and Laboratory (EDOL) to model UK household energy use with unprecedented granularity. Building on the Smart Energy Research Lab’s 11,500‑home smart‑meter dataset, EDOL adds near‑real‑time temperature, humidity and...
RBI Ups Crude Oil, Exchange Rate Baseline Assumptions for FY27
The Reserve Bank of India raised its FY27 baseline crude‑oil price to $85 per barrel, up from $70 in the second half of FY26, and lifted its rupee projection to 94 per dollar, up from 88. The revision follows a...
Bangladesh Plans 442 MW Solar Facility Near Coal Power Plant
Bangladesh Power Development Board (BPDB) will build a 442 MW solar farm adjacent to the 1.32 GW Rampal coal plant, marking the nation’s largest solar project. The $200 million development will be financed 15% by BPDB and 85% from the government’s Power Development...
Spark Secures Australian Approval for Massive Solar and Battery Project
Spark Renewables, owned by Malaysia’s Tenaga Nasional, received final state planning approval for the Dinawan Solar Farm and battery project in New South Wales. The hybrid development will install 800 MW of photovoltaic capacity and a 356 MW/1,574 MWh battery storage system, representing...
This Program Pays Nonprofits to Take the Time to Consider Solar
The Solar Upgrading Nonprofits (SUN) program, backed by the Massachusetts Clean Energy Center and Resonant Energy, offers nonprofits financial stipends and technical assistance to evaluate solar projects before the federal Investment Tax Credit expires. In its first 2025 round, SUN...
Xcel Minnesota Is Building a First-of-Its Kind Virtual Power Plant
Xcel Energy announced Capacity*Connect, a $430 million initiative to install up to 200 MW of customer‑site batteries across Minnesota. The utility will own and operate the virtual power plant, a first in the United States, deploying 1‑ to 3‑MW units over the...
Oil & Gas Duo Join Forces to Find Rig for Drilling Campaigns in Southeast Asia
SundaGas Banda Unipessoal, a subsidiary of UK‑listed Sunda Energy, has signed a letter of intent with Finder Energy’s Timor‑Leste arm to jointly secure a semi‑submersible drilling rig for offshore campaigns. The collaboration targets the Chuditch‑2 appraisal well and three development...
Solar Keeps Slimming Down While Power Rises
An international study shows commercial silicon solar modules have tripled their specific power, rising from about 8.5 W/kg in the early 2000s to 23.6 W/kg today. The gain stems from advances in module architecture, bifacial designs, and improved temperature management, while glass...
Oil Prices Plunge 15% to Below $100, Stocks Surge and Dollar Slumps After Trump Announces US-Iran Ceasefire – Business Live
Oil prices dropped more than 15% to under $100 a barrel after the United States and Iran announced a two‑week conditional cease‑fire and a temporary reopening of the Strait of Hormuz. The news sparked a broad equity rally, with Asian...
Inverter-Based Resource Performance History Leads to US Regulatory Change
North American Reliability Corp. (NERC) has issued three new standards—PRC-028-1, PRC-029-1 and PRC-030-1—to tighten inverter‑based resource (IBR) performance after a series of disturbances, notably the 2022 Odessa event that shed 2,555 MW of solar and synchronous generation. PRC-028-1 mandates high‑fidelity disturbance...
Wonder Cement Works with Sunsure Energy for Solar Power Expansion
Wonder Cement has signed three long‑term power purchase agreements with Sunsure Energy to source solar electricity for its Dhule and Aligarh plants. The deals cover 30 MWp of solar capacity, delivering 67% of Dhule’s and 52% of Aligarh’s power needs. The...
400kW EV Charger Supports Denser Charging Sites
SK Signet has launched a 400 kW all‑in‑one ultra‑fast DC charger that integrates silicon‑carbide power modules and dispenser hardware in a single unit. The design achieves 96.5% power conversion efficiency while shrinking the installation footprint by 54% compared with its previous...
Australian Petrol Prices to Fall Within the Month – if US-Iran Ceasefire Holds
A US‑Iran cease‑fire agreement sent Brent crude below $91 per barrel, sparking hopes that Australian fuel prices will soon ease. Regular unleaded, which has surged above A$2.50 (≈ $1.65 USD) a litre, could drop roughly 10 cents per litre (≈ $0.066 USD) for every $10‑a‑barrel...